The global automotive garage equipment market witnesses changing trends on a day to day basis. Garage equipment manufacturers are constantly researching and developing technologies to enable garage equipment operators to smoothly perform their day to day functions and increase shop/plant productivity. For instance, in January 2019, Porsche Center Tonbridge recently adopted WORKY’s touchless exhaust extraction system at its new flagship dealership. This arm series is the most advanced solution for extracting exhaust gases, which are produced by all types of vehicles, regardless of the size and position of the exhaust pipes. The global automotive garage equipment market is estimated to witness 4.22% CAGR from 2019–2025.
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The Prominent Players operating in the global automotive garage equipment market are Istobal S.A. (US), Robert Bosch GmbH (Germany), Gray Manufacturing Company, Inc. (US), Continental AG (Germany), Aro Equipments Pvt. Ltd (India), Nussbaum Automotive Solutions Lp (US), Vehicle Service Group (US), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Boston Garage Equipment Ltd (UK), VisiCon Automatisierungstechnik GmbH (Germany), and Arex Test Systems B.V. (Netherlands).
Segmentation of Automotive Garage Equipment
On the basis of equipment type, the wheel & tire service equipment segment is estimated to dominate the global automotive garage equipment market owing to substantial demand for wheel alignment systems and wheel balancing equipment. This can be attributed to the frequency of vehicle servicing and maintenance for wheel alignment and balancing, along with tire changing and inflation problems is relatively high in countries such as China, India, South Africa, Mexico, and Brazil.
On the basis of vehicle type, the passenger car segment is estimated to hold the largest market share in the global automotive garage equipment market owing to its large fleet size and long lifespan.
On the basis of garage type, the introduction of advanced and more reliable vehicle maintenance and servicing solutions in OEM dealerships and franchised garages could drive the global automotive garage equipment market over the forecast period. However, independent garages provide relatively cheaper servicing and maintenance to vehicle owners, which accounts for its dominant share in the global automotive garage equipment market.
Regional Analysis of Automotive Garage Equipment Market
Geographically, the global automotive garage equipment market has been segmented into four regions, which are North America, Europe, Asia-Pacific, and the rest of the world. The automotive garage equipment market in Asia-Pacific is expected to dominate the automotive garage equipment market over the forecast period, owing to the increasing sale of new cars and commercial vehicles across China, India, and ASEAN countries. Furthermore, the significant number of vehicle fleets in Asia-Pacific is expected to drive the demand for automotive garage equipment over the forecast period. Europe and North America are expected to register relatively steady growth in the global automotive garage equipment market.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global automotive garage equipment market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both, historical market values and pricing and cost analysis.
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